Vietnam's garment export to United States to surge in 2008
22/2/2008 16:22
Vietnam is likely to earn US$6.1 billion from exporting garments and
textiles to the United States this year, up 38.6 percent against last year,
local newspaper Youth today quoted a US trade agency as reporting.
Vietnam
will this year overtake India and Mexico to become the second biggest garment
exporter to the US market after China, forecast the American Chamber of Commerce
in Vietnam.
The market share of Vietnamese garments and textiles in the US
market is expected to rise to 6.1 percent this year from 4.7 percent last year,
and that of Chinese products to 38.7 percent from 33.6 percent, predicted the
chamber.
Vietnam reaped US$720 million from exporting garments and textiles,
mainly to the United States, the European Union and Japan in January, posting a
year-on-year surge of 20.7 percent, according to the General Statistics
Office.
Xinhua
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